Press Releases 2024-25 - Quarter 1
Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award
![Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award](files/Press Clipping 28 JUNE 24 (1)_page-0002.jpg)
![Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award](files/Press Clipping 28 JUNE 24 (1)_page-0003.jpg)
Press Coverage : GK Today, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award
![Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award](files/Press Clipping 29 JUNE 24 (1)_page-0002.jpg)
![Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award Press Coverage : Adda 24*7 Current Affairs, 27 Jun 24 : GRSE Wins Sustainable Governance Champion Award](files/Press Clipping 29 JUNE 24 (1)_page-0003.jpg)
Press Coverage : PSU Connect, 26 Jun 24 : GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024
![Press Coverage : PSU Connect, 26 Jun 24 : GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024 Press Coverage : PSU Connect, 26 Jun 24 : GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024](files/Press Clipping 27 JUNE 24 (1)_page-0002.jpg)
Press Coverage : Arabian Defence, 26 Jun 24 : GRSE Wins 'AI Award' at PSE Summit 2024
![Press Coverage : Arabian Defence, 26 Jun 24 : GRSE Wins 'AI Award' at PSE Summit 2024 Press Coverage : Arabian Defence, 26 Jun 24 : GRSE Wins 'AI Award' at PSE Summit 2024](files/Press Clipping 27 JUNE 24 (1)_page-0005.jpg)
Press Coverage : News Mantra, 26 Jun 24 : GRSE Wins 'AI Award' at PSE Summit 2024
![Press Coverage : News Mantra, 26 Jun 24 : GRSE Wins 'AI Award' at PSE Summit 2024 Press Coverage : News Mantra, 26 Jun 24 : GRSE Wins 'AI Award' at PSE Summit 2024](files/Press Clipping 27 JUNE 24 (1)_page-0005.jpg)
PRESS RELEASE
GRSE Wins 'AI Award' at the PSE Summit 2024
Kolkata, 26 Jun 2024: Garden Reach Shipbuilders & Engineers Ltd. (GRSE), bagged the 'Artificial Intelligence (AI) Award' at the Public Sector Enterprise (PSE) Summit organized by Express Computer, The Indian Express Group. The summit was held in Jaipur, and focused on "Digital Excellence in Public Sector Enterprise."
GRSE received this prestigious award for its innovative implementation of the 'I-weld Inspector' software, a cutting-edge solution for the examination of radiography films. This recognition underscores GRSE's commitment to leveraging advanced technologies to enhance operational efficiency and quality standards.
Cmde Rajiv Sreedharan, IN (Retd), CGM (PS-NGOPV, Innovation & New Technology), represented GRSE at the Summit and participated in a panel discussion on the topic "Harnessing the Power of Emerging Technologies for Public Service Innovation." During the discussion, Cmde Sreedharan shared his insights and perspectives on the shipyard's transformative potential of emerging technologies in the maritime domain.
The Express Computer PSE Summit & Awards 2024 were organised to recognize excellence and promote innovation, and encourage public sector enterprises to strive for greater achievements in digital transformation.
![GRSE Wins 'AI Award' at the PSE Summit 2024 GRSE Wins 'AI Award' at the PSE Summit 2024](files/GRSE_Wins_AI_Award_at_the_PSE_Summit_2024.jpg)
Press Coverage : Aviation & Defence Universe, 24 Jun 24 : GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024
![Press Coverage : Aviation & Defence Universe, 24 Jun 24 : GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024 Press Coverage : Aviation & Defence Universe, 24 Jun 24 : GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024](files/Press Clipping 27 JUNE 24 (1)_page-0003.jpg)
PRESS RELEASE
GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024
Kolkata, 24 Jun 2024: Garden Reach Shipbuilders & Engineers (GRSE) Ltd. has been honoured with the "Sustainable Governance Champion Award" at the Outlook Planet Sustainability Summit & Awards 2024.
This recognition highlights GRSE's unwavering commitment to sustainable practices and governance excellence. The Sustainable Governance Champion Award is a testament to GRSE's efforts in integrating sustainability into its core operations, driving innovation, and promoting environmental stewardship within the maritime and defense sectors. GRSE has continually strived to set new benchmarks in sustainable practices, incorporating advanced technologies and eco-friendly measures in its shipbuilding processes. The Outlook Planet Sustainability Summit & Awards is a prestigious platform that brings together industry leaders, policymakers, and sustainability advocates to celebrate and promote sustainable initiatives.
![GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024 GRSE Wins Sustainable Governance Champion Award at Outlook Planet Sustainability Summit 2024](files/GRSE_Wins_Sustainable_Governance_Champion_Award_at_Outlook_Planet_Sustainability_Summit_2024.jpg)
Press Coverage : Times of India, 24 Jun 24 : One more Bailey Bridge to connect Salt Lake to VIP Road
![Press Coverage : Times of India, 24 Jun 24 : One more Bailey Bridge to connect Salt Lake to VIP Road Press Coverage : Times of India, 24 Jun 24 : One more Bailey Bridge to connect Salt Lake to VIP Road](files/Press Clipping 24 JUNE 24 (1)_page-0031.jpg)
![Press Coverage : Times of India, 24 Jun 24 : One more Bailey Bridge to connect Salt Lake to VIP Road Press Coverage : Times of India, 24 Jun 24 : One more Bailey Bridge to connect Salt Lake to VIP Road](files/Press Clipping 24 JUNE 24 (1)_page-0032.jpg)
![Press Coverage : Times of India, 24 Jun 24 : One more Bailey Bridge to connect Salt Lake to VIP Road Press Coverage : Times of India, 24 Jun 24 : One more Bailey Bridge to connect Salt Lake to VIP Road](files/Press Clipping 24 JUNE 24 (1)_page-0033.jpg)
Press Coverage : The Sunday Standard, 23 Jun 24 : GRSE signs $16.6m contract to supply dredger to Bangladesh
![Press Coverage : The Sunday Standard, 23 Jun 24 : GRSE signs $16.6m contract to supply dredger to Bangladesh Press Coverage : The Sunday Standard, 23 Jun 24 : GRSE signs $16.6m contract to supply dredger to Bangladesh](files/Press Clipping 24 JUNE 24 (1)_page-0020.jpg)
Press Coverage : The New Indian Express, 23 Jun 24 : GRSE signs $16.6m contract to supply dredger to Bangladesh
![Press Coverage : The New Indian Express, 23 Jun 24 : GRSE signs $16.6m contract to supply dredger to Bangladesh Press Coverage : The New Indian Express, 23 Jun 24 : GRSE signs $16.6m contract to supply dredger to Bangladesh](files/Press Clipping 24 JUNE 24 (1)_page-0019.jpg)
Press Coverage : The Free Press Journal, 23 Jun 24 : GRSE to build 4 ships for German firm
![Press Coverage : The Free Press Journal, 23 Jun 24 : GRSE to build 4 ships for German firm Press Coverage : The Free Press Journal, 23 Jun 24 : GRSE to build 4 ships for German firm](files/Press Clipping 24 JUNE 24_page-0006.jpg)
Press Coverage : The Statesman, 23 Jun 24 : GRSE bags export order for four commercial vessels
![Press Coverage : The Statesman, 23 Jun 24 : GRSE bags export order for four commercial vessels Press Coverage : The Statesman, 23 Jun 24 : GRSE bags export order for four commercial vessels](files/Press Clipping 24 JUNE 24_page-0005.jpg)
Press Coverage : The Asian Age, 23 Jun 24 : Def firm inks $54m pact with Germany
![Press Coverage : The Asian Age, 23 Jun 24 : Def firm inks $54m pact with Germany Press Coverage : The Asian Age, 23 Jun 24 : Def firm inks $54m pact with Germany](files/Press Clipping 24 JUNE 24_page-0004.jpg)
Press Coverage : Hindustan Times, 23 Jun 24 : GRSE to build vessels worth $54 Million for German Firm
![Press Coverage : Hindustan Times, 23 Jun 24 : GRSE to build vessels worth $54 Million for German Firm Press Coverage : Hindustan Times, 23 Jun 24 : GRSE to build vessels worth $54 Million for German Firm](files/Press Clipping 24 JUNE 24_page-0003.jpg)
Press Coverage : The Hindu, 23 Jun 24 : GRSE bags German order to build, deliver multi-purpose vessels
![Press Coverage : The Hindu, 23 Jun 24 : GRSE bags German order to build, deliver multi-purpose vessels Press Coverage : The Hindu, 23 Jun 24 : GRSE bags German order to build, deliver multi-purpose vessels](files/Press Clipping 24 JUNE 24_page-0002.jpg)
Press Coverage : The Pioneer, 23 Jun 24 : GRSE to construct four cargo ships for German firm
![Press Coverage : The Pioneer, 23 Jun 24 : GRSE to construct four cargo ships for German firm Press Coverage : The Pioneer, 23 Jun 24 : GRSE to construct four cargo ships for German firm](files/Press Clipping 24 JUNE 24_page-0011.jpg)
Press Coverage : Yuvashakti, 23 Jun 24 : GRSE to construct four cargo ships for German firm
![Press Coverage : Yuvashakti, 23 Jun 24 : GRSE to construct four cargo ships for German firm Press Coverage : Yuvashakti, 23 Jun 24 : GRSE to construct four cargo ships for German firm](files/Press Clipping 24 JUNE 24_page-0017.jpg)
Press Coverage : Sanmarg, 23 Jun 24 : GRSE to construct four cargo ships for German firm
![Press Coverage : Sanmarg, 23 Jun 24 : GRSE to construct four cargo ships for German firm Press Coverage : Sanmarg, 23 Jun 24 : GRSE to construct four cargo ships for German firm](files/Press Clipping 24 JUNE 24_page-0016.jpg)
Press Coverage : Yashobhoomi, 23 Jun 24 : GRSE to construct four cargo ships for German firm
![Press Coverage : Yashobhoomi, 23 Jun 24 : GRSE to construct four cargo ships for German firm Press Coverage : Yashobhoomi, 23 Jun 24 : GRSE to construct four cargo ships for German firm](files/Press Clipping 24 JUNE 24_page-0015.jpg)
Press Coverage : Virat Vaibhaw, 23 Jun 24 : GRSE to construct four cargo ships for German firm
![Press Coverage : Virat Vaibhaw, 23 Jun 24 : GRSE to construct four cargo ships for German firm Press Coverage : Virat Vaibhaw, 23 Jun 24 : GRSE to construct four cargo ships for German firm](files/Press Clipping 24 JUNE 24_page-0014.jpg)
Press Coverage : Prabhat Khabar, 23 Jun 24 : GRSE to construct four cargo ships for German firm
![Press Coverage : Prabhat Khabar, 23 Jun 24 : GRSE to construct four cargo ships for German firm Press Coverage : Prabhat Khabar, 23 Jun 24 : GRSE to construct four cargo ships for German firm](files/Press Clipping 24 JUNE 24_page-0013.jpg)
Press Coverage : Veer Arjun, 23 Jun 24 : GRSE to construct four cargo ships for German firm
![Press Coverage : Veer Arjun, 23 Jun 24 : GRSE to construct four cargo ships for German firm Press Coverage : Veer Arjun, 23 Jun 24 : GRSE to construct four cargo ships for German firm](files/Press Clipping 24 JUNE 24_page-0012.jpg)
Press Coverage : Jagran, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm
![Press Coverage : Jagran, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm Press Coverage : Jagran, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm](files/Press Clipping 24 JUNE 24_page-0010.jpg)
Press Coverage : The Echo of India, 23 Jun 24 : GRSE bags export order for commercial vessels
![Press Coverage : The Echo of India, 23 Jun 24 : GRSE bags export order for commercial vessels Press Coverage : The Echo of India, 23 Jun 24 : GRSE bags export order for commercial vessels](files/Press Clipping 24 JUNE 24_page-0009.jpg)
Press Coverage : Jansatta, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm
![Press Coverage : Jansatta, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm Press Coverage : Jansatta, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm](files/Press Clipping 24 JUNE 24_page-0008.jpg)
Press Coverage : Navodaya Times, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm
![Press Coverage : Navodaya Times, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm Press Coverage : Navodaya Times, 23 Jun 24 : GRSE to build 4 commercial vessels for German firm](files/Press Clipping 24 JUNE 24_page-0007.jpg)
Press Coverage : The Hindu, 22 Jun 24 : GRSE bags contract to build 4 commercial vessels for German firm
![Press Coverage : The Hindu, 22 Jun 24 : GRSE bags contract to build 4 commercial vessels for German firm Press Coverage : The Hindu, 22 Jun 24 : GRSE bags contract to build 4 commercial vessels for German firm](files/Press Clipping 24 JUNE 24 (1)_page-0021.jpg)
![Press Coverage : The Hindu, 22 Jun 24 : GRSE bags contract to build 4 commercial vessels for German firm Press Coverage : The Hindu, 22 Jun 24 : GRSE bags contract to build 4 commercial vessels for German firm](files/Press Clipping 24 JUNE 24 (1)_page-0022.jpg)
Press Coverage : Press Trust of India, 22 Jun 24 : GRSE to construct four multi-purpose cargo ships for German Shipping firm
![Press Coverage : Press Trust of India, 22 Jun 24 : GRSE to construct four multi-purpose cargo ships for German Shipping firm Press Coverage : Press Trust of India, 22 Jun 24 : GRSE to construct four multi-purpose cargo ships for German Shipping firm](files/Press Clipping 24 JUNE 24 (1)_page-0023.jpg)
Press Coverage : The Hindu Business Line, 22 Jun 24 : GRSE signs $45 million agreement with German firm for four multi-purpose vessels
![Press Coverage : The Hindu Business Line, 22 Jun 24 : GRSE signs $45 million agreement with German firm for four multi-purpose vessels Press Coverage : The Hindu Business Line, 22 Jun 24 : GRSE signs $45 million agreement with German firm for four multi-purpose vessels](files/Press Clipping 24 JUNE 24 (1)_page-0024.jpg)
![Press Coverage : The Hindu Business Line, 22 Jun 24 : GRSE signs $45 million agreement with German firm for four multi-purpose vessels Press Coverage : The Hindu Business Line, 22 Jun 24 : GRSE signs $45 million agreement with German firm for four multi-purpose vessels](files/Press Clipping 24 JUNE 24 (1)_page-0025.jpg)
PRESS RELEASE
GRSE bags export order for commercial vessels
Kolkata, 22 Jun 2024: In a remarkable development that highlights its continuing efforts towards handling export orders, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany on Saturday, June 22, 2024, for the construction and delivery of four (04) multi-purpose vessels of 7,500 DWT each, with an option of building another four (04) ships in near future.
The vessels will be 120 metres long and 17 metres wide with a maximum draft of 6.75 metres. Each of them can carry 7,500 metric tonnes of cargo. The vessels will have a single cargo hold each to accommodate bulk, general and project cargoes. Containers will be carried on hatch covers. The ships have been specifically designed to carry multiple large windmill blades on deck.
The agreement was signed between GRSE and Carsten Rehder Schiffsmakler and Reederei GmbH & Co., represented by Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding) and Mr Carsten Thomas Rehder, Managing Director respectively in the august presence of Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE. Among the senior officials, Shri RK Dash, Director (Finance), GRSE, DIG Subrato Ghosh, ICG (Retd), Director (Personnel), GRSE, Mr Jonas Meinhardt, Managing Director of M/s Carsten Rehder were present.
GRSE has been a pioneer in the export of warships. In 2014, the CGS Barracuda, an Offshore Patrol Vessel, built by GRSE, was exported to Mauritius. This was the first warship to be exported by India. In 2021, the GRSE-built Fast Patrol Vessel PS Zoroaster was exported to the Seychelles. The ship returned to GRSE earlier this year for a refit that was completed in record time. The shipyard is also currently working on six patrol boats and a TSH dredger for the Government of Bangladesh. In 2023, GRSE delivered the MV Ma Lisha, a passenger-cum-cargo ocean-going ferry to the Cooperative Republic of Guyana. It is the largest and most advanced ferry in that country now.
![GRSE bags export order for commercial vessels GRSE bags export order for commercial vessels](files/Commercial_Vessels.jpg)
Press Coverage : Chhapte Chhapte, 23 Jun 24 : GRSE celebrated International Yoga Day
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Press Coverage : Aviation & Defence Universe, 21 Jun 24 : GRSE celebrated 10th International Yoga Day
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Press Coverage : PSU Watch, 21 Jun 24 : GRSE Celebrates 10th International Yoga Day with Enthusiastic Participation from Employees
![Press Coverage : PSU Watch, 21 Jun 24 : GRSE Celebrates 10th International Yoga Day with Enthusiastic Participation from Employees Press Coverage : PSU Watch, 21 Jun 24 : GRSE Celebrates 10th International Yoga Day with Enthusiastic Participation from Employees](files/Press Clipping 24 JUNE 24 (1)_page-0027.jpg)
![Press Coverage : PSU Watch, 21 Jun 24 : GRSE Celebrates 10th International Yoga Day with Enthusiastic Participation from Employees Press Coverage : PSU Watch, 21 Jun 24 : GRSE Celebrates 10th International Yoga Day with Enthusiastic Participation from Employees](files/Press Clipping 24 JUNE 24 (1)_page-0028.jpg)
PRESS RELEASE
GRSE Celebrates 10th International Yoga Day with Enthusiastic Participation from Employees
Kolkata, 21 Jun 2024: Garden Reach Shipbuilders & Engineers Ltd. (GRSE), celebrated the 10th International Yoga Day with a series of engaging activities aimed at promoting health and wellness among its employees.
As part of the Yoga Day celebrations, GRSE organized a Yoga Competition for its employees and an online Crossword competition through its social media platforms on 20 Jun 24. E Countdown posts and announcements were run internally & on social media to encourage participation. The competitions saw enthusiastic engagement from employees across various departments, showcasing their dedication to physical and mental well-being & from citizens at large. The Yoga Competition culminated with collective display of different Yoga Asanas by employees and a prize distribution ceremony on June 21, 2024. On the occasion, winners were felicitated for their exceptional performances, in the presence of Cmde PR Hari, IN (Retd.) Chairman & Managing Director, Shri R K Dash, Director (Finance), Cdr Shantanu Bose, IN (Retd.), Director (Shipbuilding), DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), and other senior officials of GRSE.
GRSE also actively engaged and encouraged its employees towards various Yoga initiatives undertaken by Ministry of Defence & Ministry of Ayush. These initiatives include registering for Yoga training sessions organised by the Morarji Desai National Institute of Yoga, participating in various International Day of Yoga (IDY) activities hosted on the MyGov and MyBharat portals and uploading the IDY activities on 'Bhuvan App' developed by ISRO. All the above initiatives were communicated online to internal and external stakeholders through email communication and social media posts.
Through these initiatives, GRSE aims to inspire its workforce to integrate yoga into their daily routines, thereby enhancing overall productivity and fostering a balanced lifestyle.
![GRSE Celebrates 10th International Yoga Day with Enthusiastic Participation from Employees GRSE Celebrates 10th International Yoga Day with Enthusiastic Participation from Employees](files/YD2.jpeg)
Press Coverage : Kaleidoscope, Jun 24 : Ahead of the Curve: GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule
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Press Coverage : The Indian Express, 18 Jun 24 : GRSE achieves new export milestone in 2024 - Signs USD 16.6m contract to supply an advanced dredger to Bangladesh
![Press Coverage : The Indian Express, 18 Jun 24 : GRSE achieves new export milestone in 2024 - Signs USD 16.6m contract to supply an advanced dredger to Bangladesh Press Coverage : The Indian Express, 18 Jun 24 : GRSE achieves new export milestone in 2024 - Signs USD 16.6m contract to supply an advanced dredger to Bangladesh](files/Press Clipping 18 JUN 24 (1)_page-0002.jpg)
Press Coverage : Millennium Post, 08 Jun 24 : GRSE signs contract to supply advanced dredger to Bangladesh
![Press Coverage : Millennium Post, 08 Jun 24 : GRSE signs contract to supply advanced dredger to Bangladesh Press Coverage : Millennium Post, 08 Jun 24 : GRSE signs contract to supply advanced dredger to Bangladesh](files/Press Clipping 08 JUNE 24_page-0003.jpg)
Press Coverage : Prabhat Khabar, 08 Jun 24 : GRSE achieves new export milestone
![Press Coverage : Prabhat Khabar, 08 Jun 24 : GRSE achieves new export milestone Press Coverage : Prabhat Khabar, 08 Jun 24 : GRSE achieves new export milestone](files/Press Clipping 08 JUNE 24_page-0002.jpg)
Press Coverage : Echo of India, 08 Jun 24 : GRSE achieves new export milestone in 2024 - Signs USD 16.6m contract to supply an advanced dredger to Bangladesh
![Press Coverage : Echo of India, 08 Jun 24 : GRSE achieves new export milestone in 2024 Press Coverage : Echo of India, 08 Jun 24 : GRSE achieves new export milestone in 2024](files/Press Clipping 08 JUNE 24_page-0004.jpg)
Press Coverage : Ei Somoy, 08 Jun 24 : GRSE received a quote of 16.6 million dollars for making dredgers from Bangladesh
![Press Coverage : Ei Somoy, 08 Jun 24 : GRSE received a quote of 16.6 million dollars for making dredgers from Bangladesh Press Coverage : Ei Somoy, 08 Jun 24 : GRSE received a quote of 16.6 million dollars for making dredgers from Bangladesh](files/Press Clipping 08 JUNE 24_page-0005.jpg)
Press Coverage : India Shipping News, 08 Jun 24 : GRSE signs $16.6 million contract to supply an advanced dredger to Bangladesh
![Press Coverage : India Shipping News, 08 Jun 24 : GRSE signs $16.6 million contract to supply an advanced dredger to Bangladesh Press Coverage : India Shipping News, 08 Jun 24 : GRSE signs $16.6 million contract to supply an advanced dredger to Bangladesh](files/Press Clipping 08 JUNE 24_page-0014.jpg)
![Press Coverage : India Shipping News, 08 Jun 24 : GRSE signs $16.6 million contract to supply an advanced dredger to Bangladesh Press Coverage : India Shipping News, 08 Jun 24 : GRSE signs $16.6 million contract to supply an advanced dredger to Bangladesh](files/Press Clipping 08 JUNE 24_page-0015.jpg)
Press Coverage : Raksha Anirveda, 08 Jun 24 : GRSE achieves new export milestone in 2024, Signs USD 16.6m contract to supply an advanced dredger to Bangladesh
![Press Coverage : Raksha Anirveda, 08 Jun 24 : GRSE achieves new export milestone in 2024 Press Coverage : Raksha Anirveda, 08 Jun 24 : GRSE achieves new export milestone in 2024](files/Press Clipping 10 JUNE 24_page-0007.jpg)
![Press Coverage : Raksha Anirveda, 08 Jun 24 : GRSE achieves new export milestone in 2024 Press Coverage : Raksha Anirveda, 08 Jun 24 : GRSE achieves new export milestone in 2024](files/Press Clipping 10 JUNE 24_page-0008.jpg)
Press Coverage : ET Infra, 08 Jun 24 : Two ships separated by 30 years being worked upon by GRSE simultaneously
![Press Coverage : ET Infra, 08 Jun 24 : Two ships separated by 30 years being worked upon by GRSE simultaneously Press Coverage : ET Infra, 08 Jun 24 : Two ships separated by 30 years being worked upon by GRSE simultaneously](files/Press Clipping 08 JUNE 24_page-0017.jpg)
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Press Coverage : Samagya, 08 Jun 24 : Shipbuilding at GRSE : Where the past and the future meet in a display of excellence
![Press Coverage : Samagya, 08 Jun 24 : Shipbuilding at GRSE : Where the past and the future meet in a display of excellence Press Coverage : Samagya, 08 Jun 24 : Shipbuilding at GRSE : Where the past and the future meet in a display of excellence](../press-releases/images/Press Clipping 10 JUNE 24 (1)_page-0002.jpg)
Press Coverage : Dainik Jagran, 08 Jun 24 : Shipbuilding at GRSE : Where the past and the future meet in a display of excellence
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Press Coverage : Lokmat Times, 07 Jun 24 : Two ships separated by 30 years being worked upon by GRSE simultaneously
![Press Coverage : Lokmat Times, 07 Jun 24 : Two ships separated by 30 years being worked upon by GRSE simultaneously Press Coverage : Lokmat Times, 07 Jun 24 : Two ships separated by 30 years being worked upon by GRSE simultaneously](files/Press Clipping 10 JUNE 24_page-0004.jpg)
![Press Coverage : Lokmat Times, 07 Jun 24 : Two ships separated by 30 years being worked upon by GRSE simultaneously Press Coverage : Lokmat Times, 07 Jun 24 : Two ships separated by 30 years being worked upon by GRSE simultaneously](files/Press Clipping 10 JUNE 24_page-0005.jpg)
Press Coverage : The Week, 07 Jun 24 : GRSE signs USD 16.6 million contract to supply advanced dredger to Bangladesh
![Press Coverage : The Week, 07 Jun 24 : GRSE signs USD 16.6 million contract to supply advanced dredger to Bangladesh Press Coverage : The Week, 07 Jun 24 : GRSE signs USD 16.6 million contract to supply advanced dredger to Bangladesh](../press-releases/images/Press Clipping 08 JUNE 24_page-0016.jpg)
Press Coverage : Millennium Post, 07 Jun 24 : GRSE signs contract to supply advanced dredger to Bangladesh
![Press Coverage : Millennium Post, 07 Jun 24 : GRSE signs contract to supply advanced dredger to Bangladesh Press Coverage : Millennium Post, 07 Jun 24 : GRSE signs contract to supply advanced dredger to Bangladesh](../press-releases/images/Press Clipping 08 JUNE 24_page-0012.jpg)
![Press Coverage : Millennium Post, 07 Jun 24 : GRSE signs contract to supply advanced dredger to Bangladesh Press Coverage : Millennium Post, 07 Jun 24 : GRSE signs contract to supply advanced dredger to Bangladesh](../press-releases/images/Press Clipping 08 JUNE 24_page-0013.jpg)
Press Coverage : PSU Connect, 07 Jun 24 : GRSE Signs $16.6 Million Contract to Supply an Advanced Dredger to Bangladesh
![Press Coverage : PSU Connect, 07 Jun 24 : GRSE Signs $16.6 Million Contract to Supply an Advanced Dredger to Bangladesh Press Coverage : PSU Connect, 07 Jun 24 : GRSE Signs $16.6 Million Contract to Supply an Advanced Dredger to Bangladesh](../press-releases/images/Press Clipping 08 JUNE 24_page-0010.jpg)
![Press Coverage : PSU Connect, 07 Jun 24 : GRSE Signs $16.6 Million Contract to Supply an Advanced Dredger to Bangladesh Press Coverage : PSU Connect, 07 Jun 24 : GRSE Signs $16.6 Million Contract to Supply an Advanced Dredger to Bangladesh](../press-releases/images/Press Clipping 08 JUNE 24_page-0011.jpg)
Press Coverage : United News of India, 07 Jun 24 : GRSE achieves new export milestone in 2024
![Press Coverage : United News of India, 07 Jun 24 : GRSE achieves new export milestone in 2024 Press Coverage : United News of India, 07 Jun 24 : GRSE achieves new export milestone in 2024](../press-releases/images/Press Clipping 08 JUNE 24_page-0008.jpg)
![Press Coverage : United News of India, 07 Jun 24 : GRSE achieves new export milestone in 2024 Press Coverage : United News of India, 07 Jun 24 : GRSE achieves new export milestone in 2024](../press-releases/images/Press Clipping 08 JUNE 24_page-0009.jpg)
Press Coverage : PSU Watch, 07 Jun 24 : GRSE Signs $16.6 Million contract to supply an advanced Dredger to Bangladesh
![Press Coverage : PSU Watch, 07 Jun 24 : GRSE Signs $16.6 Million contract to supply an advanced Dredger to Bangladesh Press Coverage : PSU Watch, 07 Jun 24 : GRSE Signs $16.6 Million contract to supply an advanced Dredger to Bangladesh](../press-releases/images/Press Clipping 08 JUNE 24_page-0006.jpg)
![Press Coverage : PSU Watch, 07 Jun 24 : GRSE Signs $16.6 Million contract to supply an advanced Dredger to Bangladesh Press Coverage : PSU Watch, 07 Jun 24 : GRSE Signs $16.6 Million contract to supply an advanced Dredger to Bangladesh](../press-releases/images/Press Clipping 08 JUNE 24_page-0007.jpg)
PRESS RELEASE
GRSE Achieves New Export Milestone in 2024: Signs $16.6 Million Contract to Supply an Advanced Dredger to Bangladesh
Kolkata, 07 Jun 2024: Garden Reach Shipbuilders & Engineers Ltd. signed a significant contract with the Bangladesh Inland Waterways Transport Authority (BIWTA), to build a Trailing Suction Hopper Dredger for Government of Bangladesh. The contract, valued at $16.6 million, was signed on 02 June 2024, in Dhaka, Bangladesh in the presence of Director (Shipbuilding), GRSE, Cdr. Shantanu Bose, IN (Retd.), representatives from BIWTA, and senior officials from both GRSE and BIWTA. This agreement marks another milestone in GRSE's ongoing commitment to fostering international cooperation and delivering high-quality maritime solutions.
Under this contract, GRSE will supply a state-of-the-art Trailing Suction Hopper Dredger (TSHD) with a hopper capacity of 1000 cubic meters. The 58.70 M long TSHD with a speed of 10 knots will feature Azimuth Thruster propulsion, ensuring superior performance and maneuverability. With its ability to operate in Sea State 2 and navigate through Sea State 4, the vessel shall guarantee resilience and adaptability in diverse marine conditions.
GRSE's consistent success in International Markets is a testament to its expertise and reliability in shipbuilding and related services. The shipyard is currently executing an order to build 06 Patrol Boats for the Sustainable Coastal and Marine Fisheries Project under the Department of Fisheries, Government of Bangladesh. The company has previously delivered various vessels to friendly foreign countries, including Mauritius, Seychelles, and Guyana, and has been a trusted exporter of prefabricated steel bridges to countries like Nepal, Bhutan, Myanmar, and Sri Lanka.
With modernized infrastructure and the adoption of advanced technologies, GRSE is well-equipped to meet the global demand for sophisticated maritime vessels and support the 'Atmanirbhar' (self-reliant) initiative by achieving high levels of indigenous content in its ships. This contract with BIWTA underscores GRSE's strategic focus on expanding its footprint in international markets and its dedication to contributing to the maritime strength and economic development of friendly nations.
![GRSE Achieves New Export Milestone in 2024: Signs $16.6 Million Contract to Supply an Advanced Dredger to Bangladesh GRSE Achieves New Export Milestone in 2024: Signs $16.6 Million Contract to Supply an Advanced Dredger to Bangladesh](files/Dredger.jpg)
Press Coverage : The Indian Express, 04 Jun 24 : Ahead of the Curve: GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule
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Press Coverage : Bhaskar Live, 30 May 24 : Seychelles Patrol Vessel leaves for home after GRSE completes refit in record time
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![Press Coverage : Bhaskar Live, 30 May 24 : Seychelles Patrol Vessel leaves for home after GRSE completes refit in record time Press Coverage : Bhaskar Live, 30 May 24 : Seychelles Patrol Vessel leaves for home after GRSE completes refit in record time](../press-releases/images/Press Clipping 31 MAY 24_page-0003.jpg)
Press Coverage : Social News XYZ, 30 May 24 : Seychelles Patrol Vessel leaves for home after GRSE completes refit in record time
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![Press Coverage : Social News XYZ, 30 May 24 : Seychelles Patrol Vessel leaves for home after GRSE completes refit in record time Press Coverage : Social News XYZ, 30 May 24 : Seychelles Patrol Vessel leaves for home after GRSE completes refit in record time](../press-releases/images/Press Clipping 31 MAY 24_page-0005.jpg)
Press Coverage : The New Indian Express, 30 May 24 : GRSE records highest ever PAT, revenue from operations during FY24
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Press Coverage : The Morning Standard, 30 May 24 : GRSE records highest ever PAT, revenue from operations during FY24
![Press Coverage : The Morning Standard, 30 May 24 : GRSE records highest ever PAT, revenue from operations during FY24 Press Coverage : The Morning Standard, 30 May 24 : GRSE records highest ever PAT, revenue from operations during FY24](../press-releases/images/Press Clipping 30 MAY 24_page-0003.jpg)
Press Coverage : United News of India, 29 May 24 : GRSE-built SCG PS Zoroaster refit for Seychelles completed 30 days ahead of schedule
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![Press Coverage : United News of India, 29 May 24 : GRSE-built SCG PS Zoroaster refit for Seychelles completed 30 days ahead of schedule Press Coverage : United News of India, 29 May 24 : GRSE-built SCG PS Zoroaster refit for Seychelles completed 30 days ahead of schedule](../press-releases/images/Press Clipping 30 MAY 24_page-0005.jpg)
Press Coverage : Aeromag Asia, 29 May 24 : GRSE-built SCG PS Zoroaster Refit for Seychelles Completed Ahead of Schedule
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Press Coverage : News Mantra, 29 May 24 : Ahead of the Curve: GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule
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![Press Coverage : News Mantra, 29 May 24 : Ahead of the Curve: GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule Press Coverage : News Mantra, 29 May 24 : Ahead of the Curve: GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule](../press-releases/images/Press Clipping 30 MAY 24_page-0009.jpg)
Press Coverage : PSU Watch, 29 May 24 : GRSE completes refit of Seychelles Coast Guard Ship ahead of schedule
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![Press Coverage : PSU Watch, 29 May 24 : GRSE completes refit of Seychelles Coast Guard Ship ahead of schedule Press Coverage : PSU Watch, 29 May 24 : GRSE completes refit of Seychelles Coast Guard Ship ahead of schedule](../press-releases/images/Press Clipping 30 MAY 24_page-0011.jpg)
Press Coverage : Indian Defence Research Wing, 29 May 24 : Garden Reach completes early refit of SCG PS Zoroaster
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Press Coverage : Global Defence News, 29 May 24 : India Shipyard completes refit of Seychelles Coast Guard PS Zoroaster
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Press Coverage : Raksha Anirveda, 29 May 24 : Ahead of the Curve: GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule
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PRESS RELEASE
Ahead of the Curve: GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule!
Kolkata, 29 May 2024: Demonstrating exceptional competency and commitment, Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has successfully completed the ninety-day maiden short refit of the Seychelles Coast Guard Patrol Ship Zoroaster a remarkable 30 days ahead of schedule on 24 May 2024. The SCG PS 'Zoroaster', is from the line of Fast Patrol Vessels built by GRSE and with proven performance with the Indian Coast Guard, was handed over to the Seychelles Coast Guard on 08 Apr 21. SCGS Zoroaster set sail from GRSE's Rajabagan Dockyard, Ganga Jetty on 29 May 24, returning to the fleet of the archipelagic Island Country of Seychelles under the command of Captain Lyndon Lablache.
Commencing its refit journey on 22 March 24, this ambitious project was in line with India's Vision "SAGAR" (Security And Growth for All in the Region). Undertaking such a refit for a foreign nation was a unique endeavour for GRSE, further strengthening the collaborative efforts of India and Seychelles in enhancing regional stability and security. Through meticulous planning and an advanced execution strategy, the Ship Repair team of GRSE successfully compressed the refit schedule to one month, showcasing their outstanding efficiency and commitment.
The Indian Navy's work-up team conducted a thorough post-refit inspection to ensure the highest standards of operational readiness and capabilities. The river trials of the ship's machineries were successfully completed on 24 May 2024.
The successful completion of this short refit project not only highlights GRSE's expertise but also underscores the strong camaraderie between the ship's crew and the GRSE team. This collaboration has fostered a spirit of true friendship and cooperation, leaving behind long-lasting memories and strengthening the bond between the two nations.
![GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule! GRSE-built SCG PS Zoroaster Refit for Seychelles Completed a remarkable 30 Days Ahead of Schedule!](files/Team_GRSE_on_SCG_PS_Zoroaster.jpeg)
Press Coverage : The Economic Times, 23 May 24 : GRSE shares surge 20% after profit doubling Q4 profit
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Press Coverage : MSN, 23 May 24 : GRSE stock hits record high on impressive Q4 show
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Press Coverage : Business Standard, 23 May 24 : GRSE hits record high on strong Q4 performance
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Press Coverage : Business Standard, 23 May 24 : Shipbuilders stock at new peak : Here is what triggered the rally
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Press Coverage : Capital Market, 23 May 24 : GRSE hits record high on strong Q4 performance
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Press Coverage : NDTV Profit, 23 May 24 : Garden Reach Shipbuilders at record after Q4 profit doubles
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Press Coverage : Raksha Anirveda, 23 May 24 : GRSE Records Highest Ever Profit After Tax and Revenue from Operations During FY 24
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Press Coverage : CNBC TV18, 23 May 24 : GRSE Reports strong Q4, revenue up 69% YoY
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Press Coverage : PSU Watch, 23 May 24 : GRSE posts highest ever net profit of Rs 357 Crore in FY24
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Press Coverage : Prabhat Khabar, 23 May 24 : GRSE Records Highest Ever Profit After Tax and Revenue from Operations During FY 24
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Press Coverage : Ei Samay, 23 May 24 : GRSE Records Highest Ever Profit After Tax and Revenue from Operations During FY 24
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Press Coverage : PSU Connect, 22 May 24 : GRSE Q4 Results: Reports Highest Ever Profit of Rs 112 Cr
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Press Coverage : HT Syndication, 22 May 24 : GRSE clocks Rs 1016 Crore revenue from operations in FY24
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Press Coverage : Good Returns, 22 May 24 : Rs 1.44/Share Dividend, 910% Jump : Defence PSU Garden Reach Declares 104% YoY rise in PAT
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Press Coverage : United News of India, 22 May 24 : GRSE clocks Rs 1016 Crore revenue from operations in FY24
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PRESS RELEASE
Performance Review of Q4 & FY24
GRSE Records Highest Ever Profit After Tax and Revenue from Operations During FY 24
Kolkata, 22 May 2024: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country has announced its financial results for the last quarter and full year ended March 31st, 2024.
![GRSE Records Highest Ever Profit After Tax and Revenue from Operations During FY 24 GRSE Records Highest Ever Profit After Tax and Revenue from Operations During FY 24](files/Highlights_Q4_23-24.png)
Q4 FY24 Compared with Q4 FY23:
- Revenue from operation is Rs. 1,016 Crore in Q4 FY24 as against Rs. 601 Crore of previous year registering a growth of 69 %.
- The Company's EBITDA stood at Rs. 166 Crore in Q4 FY24 against Rs. 90 Crore of previous year registering a growth of 84 %.
- Profit Before Tax (PBT) stood at Rs. 153 Crore in Q4 FY24 against Rs. 76 Crore of previous year registering a growth of 101 %.
- Profit After Tax (PAT) stood at Rs. 112 Crore in Q4 FY24 against Rs. 55 Crore of previous year registering a growth of 104 %.
Commenting on the results, Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, "Happy to report a strong set of numbers, with both our Revenue from Operations and Profit after Tax reaching new heights. Backed by a strong order book and with our ongoing projects at a maximum revenue recognition phase, and also with more orders on the anvil, we are confident of sustained growth in the coming years too. Our focus continues to be on timely execution of ongoing projects and new technology adoption with specific impetus on development of autonomous and green energy platforms."
Press Coverage : India Seatrade News, 13 May 24 : Keel Laying ceremony marks milestone in indigenous shipbuilding
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Press Coverage : Prabhat Khabar, 11 May 24 : GRSE Lays Keel of the Last in Series (Yard 3034) of Eight ASWSWCs
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Press Coverage : Millennium Post, 11 May 24 : GRSE Lays Keel for final ASW SWC for Indian Navy
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Press Coverage : Millennium Post, 11 May 24 : GRSE Lays Keel for final ASW SWC for Indian Navy
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Press Coverage : News Deck, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : Business Highs, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : Live Chronicle, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : Newsday Express, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : Planet Report, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : Planet Report, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : Go Earth, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : The Good, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : News Chronicle, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : Good Report, 11 May 24 : Indigenous design and construction of 8th ASW SWC ships begins in Kolkata
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Press Coverage : Calcutta News, 11 May 24 : Keel Laying Ceremony of 8th Anti-Submarine Warfare Shallow Water Craft held in Kolkata
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Press Coverage : Kolkata Sun, 11 May 24 : Keel Laying Ceremony of 8th Anti-Submarine Warfare Shallow Water Craft held in Kolkata
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Press Coverage : Big News Network, 11 May 24 : Keel Laying Ceremony of 8th Anti-Submarine Warfare Shallow Water Craft held in Kolkata
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Press Coverage : Press Information Bureau, 10 May 24 : Keel Laying of 8th ASW SWC on 10 May 24 at M/S GRSE Kolkata
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Press Coverage : ANI, 10 May 24 : Keel Laying Ceremony of 8th Anti-Submarine Warfare Shallow Water Craft held in Kolkata
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Press Coverage : Raksha Anirveda, 10 May 24 : GRSE Lays Keel of the Last in Series (Yard 3034) of Eight ASWSWCs
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PRESS RELEASE
GRSE Lays Keel of the last in series (Yard 3034) of 08 ASWSWCs
Kolkata, 10 May 2024: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), Kolkata, in an impressive ceremony, at their Raja Bagan Dockyard Unit, laid the keel of the last in the series (Yard 3034) of 08 Anti-Submarine Warfare Shallow Watercrafts. The Keel Laying was performed in the august presence of Vice Admiral B Sivakumar, AVSM, VSM, Controller Warship Production and Acquisition. The occasion was graced by Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE, Shri RK Dash, Director (Finance), GRSE, CD Shantanu Bose, IN(Retd.), Director (Shipbuilding), GRSE, DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), GRSE, Shri Abhishek Ranjan, IOFS, Chief Vigilance Officer, GRSE, along with other Senior Officers from Indian Navy & GRSE.
Yard 3034 is the eighth and the last ship in the series of eight ASWSWC being built by GRSE for the Indian Navy. These ships are 77.6 meters long and 10.5 meters wide and require a draught of only 2.7 meters. Propelled by three diesel driven water jets, these ships can attain a maximum speed of 25 knots.
The primary role of the ASWSWC is to conduct anti-submarine operations in coastal waters, Low Intensity Maritime Operations (LIMO) and mine laying operations. These ships are also capable of full-scale subsurface surveillance of coastal waters and various surface platforms and coordinated ASW operations with aircraft.
These ships may be smaller in size but will pack a lethal punch. They will carry lightweight torpedoes, ASW rockets and mines, close in weapon system (30 mm Naval Surface Gun), and 16.7 mm stabilized remote controlled guns. The ASWSWC will be fitted with hull mounted sonar and a low frequency variable depth sonar.
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Press Coverage : Indian Express, 03 May 24 : GRSE Celebrates 65th Raising Day
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PRESS RELEASE
GRSE CELEBRATES 65TH RAISING DAY
Kolkata, 22 Apr 2024: Garden Reach Shipbuilders & Engineers Ltd. (GRSE) celebrated its 65th Raising Day, with fervour and excitement.The event witnessed enthusiastic participation from employees across all departments of GRSE, in the presence of Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE, Shri RK Dash, Director (Finance), GRSE, Cdr Shantanu Bose, IN(Retd.), Director (Shipbuilding), DIG Subrato Ghosh, ICG(Retd.), Director (Personnel), GRSE, Shri Abhishek Ranjan, IOFS, CVO, GRSE, and other senior officials of GRSE.
During the event, Cmde PR Hari, CMD, GRSE, unveiled 'GRSE Varta 2024', the annual in-house journal of the shipyard. Merit awards were presented to employees' children, and employees were recognized for their outstanding performance across various categories. Cultural activities performed by employees added to the festive atmosphere of the occasion.
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